1. ICICI Bank faces risk to its reputation after allegations against CEO Chanda Kochhar: Fitch

    ICICI Bank faces risk to its reputation after allegations against CEO Chanda Kochhar: Fitch

    The global ratings agency said it is doubtful about the strength of corporate governance at the private bank, PTI reported. “An investigation into allegations that India's ICICI Bank extended a loan with a potential conflict of interest raises questions over the bank's governance and creates reputational risks ...

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    1. An investigation into allegations that India's ICICI Bank extended a loan with a potential conflict of interest raises questions over the bank's governance and creates reputational risks.
    2. The presence of the bank's CEO on this credit committee [that approved the loan], and the bank's reluctance to support an independent probe, have, in our opinion, created doubts over the strength of its corporate governance practices.
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